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Bahri Annual Report
Bahri Annual Report
Executive Management
Executive Management
five senior executives, who include Chief Financial Officer, hold no interest, subscription rights or debt instrument sources for any of Bahri’s subsidiary companies. Furthermore, they do not own source shares, based on the TADAWUL records, as of December 31, 2016, except what is written in the table below; which shows share ownership for Bahri’s senior executives.
Bahri’s management carry out the company’s operational and strategic plans, with the aim to enhance and expand Bahri’s business position, which will increase shareholder value. On the other hand, there are no investments or reserves that have been set aside for the benefit of company employees, except what is owed to them based on officially established regulations. It should also be noted that Bahri’s executive
Details of compensations and remunerations for the five executive management members in 2016
Bahri Executive Management
Description
Amount (SAR. 1,000)
6,779,406.00
Salaries and remunerations
451,269.64
Allowances
13,383,900.30
Annual Bonuses
-
Incentives
-
Compensations in Kind
20,614,575.94
Total
• The CEO and CFO are included in the list of five top executives
and customers and to express the gratitude and appreciation of its members for their trust, which motivated the board to exert more effort and directing them on the right path. The board also wishes to thank the company’s executive management and its employees, for their cherished efforts in developing and improving the company’s performance. In addition to their hard work and toil, to achieve the company’s stated objectives.
On this occasion, the board of directors wishes to take this opportunity to extend its thanks and appreciation to the Custodian of the Two Holy Mosques, King Salman Bin Abdul Aziz and to his Crown Prince, His Royal Highness, Prince Mohamed Bin Naif Bin Abdul Aziz and to his Deputy Crown Prince, His Royal Highness Mohamed Bin Salman Bin Abdul Aziz, May Allah protect them, and to his respectable government. The board of directors also wishes to thank the company’s shareholders
Ending Statement
Bahri’s Executive Management for 2016
Executive Management
Title
Chief Executive Officer
Ibrahim Al-Omar
Chief Financial Officer
Ali Al-Harbi
Assistant CEO (Board Secretariat & Communication)
Ahmed Al-Eidan
VP, Support Services
Majed Al-Shenaiber
Director of the Legal Department
Abdullah Al-Mosa
2016 Declaration of Share Ownership by Bahri Senior Executives, Spouses & Off-Spring
Ownership at the end of the year
Ownership at the beginning of the year
Change during the year
Change (%)
Executive Management
Title
Ibrahim Al-Omar
Chief Executive Officer
-
-
-
-
Ali Al-Harbi
Chief Financial Officer
-
-
-
-
Assistant to CEO (Board Secretariat & Communication)
Ahmed Al-Eidan
-
-
-
-
Majed Al-Shenaiber
VP, Support Services
-
-
-
-
Abdullah Al-Mosa
Director of the Legal Department
-
-
-
-
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